The country’s stock of gas reserves will be exhausted in 11 years at the current rate of production, State Minister for Power, Energy and Mineral Resources Nasrul Hamid told parliament today.
The country has some 10.63 trillion cubic feet of gas and has a daily production of 2,570 million cubic feet.
In a written answer to a query, Hamid said the government planned to extract gas from different prospective places due to growing demand.
“As per the plan, Bangladesh Petroleum Exploration and Production Company Limited (Bapex) has taken the initiative to dig two wells to explore for gas between 2019 to 2021; 13 wells between 2022 to 2030 and 20 wells between 2031 to 2041,” Hamid said.
He also said they were also looking into production sharing contracts with different international oil companies to explore new gas fields.
The prospective gas fields are in three shallow water areas and one deep water area in the Bay of Bengal.
The work on one block in the shallow water area will begin at the end of this month, Hamid said.
In reply to other queries, Hamid said system loss in electricity had reduced in the last ten years due to various government measures, adding there was no shortage of electricity in the country at present.
He also informed the House that the government would finalise the draft coal policy at the quickest possible time.